UAE’s Etihad Airways plans job cuts to trim costs

United Arab Emirates-based Etihad Airways plans to cut jobs in some parts of its business as part of a restructuring process to reduce costs, the airline said in a statement. 

"By undertaking a process of managed, controlled restructuring we are able to protect the business while at the same time continuing to invest in its future growth and progress," it added.

"The restructuring will also result in a measured reduction of headcount in some parts of the business."

The Abu Dhabi-based carrier is looking to restructure different parts of its business in order to cut costs and boost revenue and productivity, it said.

The airline added that it was operating in an increasingly competitive environment against a backdrop of challenging global economic conditions.

Last week, Etihad inked a code-sharing deal with Germany’s Lufthansa to strengthen its European network. The deal will allow Lufthansa to jointly sell tickets with Etihad on some routes.